As an Industry, Info Tech’s Size Reaches Historically High Levels
In the chart below I plot the relative weightings of various SPX industry groups as a % of the entire index’s market cap over time. Right now, Info Tech constitutes nearly 22% of total SPX market cap. This was roughly…...
Long AMZN, Short AAPL Pair Trade Has Legs
On 12/17/15 in this post we highlighted the favorable technical set-up in the ratio of AMZN vs. AAPL and said the following about the first chart below, which is the chart we presented in the original post: “Here’s AMZN vs. AAPL. I…
MSFT Attractive vs. AAPL
I’ve beat the tune of the bullish MSFT drums on this site dating back to 2013. Most recently I suggested a spread trade b/t it on the long side and an INTC short on 1/9/16 in this post using this…...
Despite Massive YTD Run, AMZN Remains Very Compelling; Could Hit $1,000+ Or At Least Out-Perform AAPL Significantly
AMZN has had an amazing run since bottoming at <$300 in early 2015, having ripped ~135% higher in the process. Despite this run, the charts for the stock, both on an absolute basis and relative basis vs. nearly anything else you…
AAPL Analog Update
Our AAPL long, initiated in small size at ~$440 and in much larger size at $420, has begun to work very nicely. Assuming you split your position size 50/50 at ~$440 and ~$420, one should be up ~8% as of…...
The Conundrum that is Gold (To Bubble or Not to Bubble?)
Let’s continue to beat a dead horse. Is gold a bubble? If so, did the bubble run end in September 2011 when gold peaked around ~$1,900? We know that thus far, if gold was a bubble and the run ended…...
AAPL Analog Update
On 1/26 we said the following about AAPL: “In concluding, I want us to be buyers of AAPL. I would consider a small position now (analog suggests a low in this area) and a much larger position if and when…...
The AAPL Experience Highlights the Zero-Sum Nature of Financial Markets
There’s a certain unnamed economic blogger out there that loves to highlight the following maxim in rejecting the “excess cash on the sidelines” argument so incessantly tossed around in the financial media as a data point supporting the likelihood of…
Surveying the Carnage in AAPL and its Evolving Set-Up
Was happy we could get this call so correct – both the top, how the initial sell-off was not to be bought and just over a week or so ago, the likelihood that the stock’s downside would soon accelerate, as it…...
This Stock Sure Does Look a Lot Like AAPL…right before it Fell 30%
We’re on bubble alert. In the chart below we plot AAPL on a non-log basis over the long-term to highlight its parabolic ramp higher at (A), which began in 2012, presumably what was its “end game” move higher into an…